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Morgan Stanley (MEX:MS) Net Interest Margin (Bank Only) %

: 1.27% (As of Mar. 2023)
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Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. Morgan Stanley's annualized Net Interest Income (for Banks) for the quarter that ended in Mar. 2023 was MXN169,147 Mil. Morgan Stanley's average earning assets for the quarter that ended in Mar. 2023 was MXN13,319,422 Mil. Therefore, Morgan Stanley's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2023 was 1.27%.


Morgan Stanley Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Morgan Stanley's Net Interest Margin (Bank Only) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Morgan Stanley Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net Interest Margin (Bank Only) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.83 0.91 1.08 1.17 1.28

Morgan Stanley Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Net Interest Margin (Bank Only) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.21 1.27 1.40 1.29 1.27

Competitive Comparison

For the Capital Markets subindustry, Morgan Stanley's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Morgan Stanley Net Interest Margin (Bank Only) % Distribution

For the Capital Markets industry and Financial Services sector, Morgan Stanley's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Morgan Stanley's Net Interest Margin (Bank Only) % falls in comparison to its industry or sector. The grey bar indicates the Net Interest Margin (Bank Only) %'s extreme value range as defined by GuruFocus.



Morgan Stanley Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

Morgan Stanley's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2022 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2022 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2021 ) + Earning Assets (A: Dec. 2022 ))/ count )
=181839.192/( (14825652.438 + 13645523.354)/ 2 )
=181839.192/14235587.896
=1.28 %

where

Earning Assets(A: Dec. 2021 )
=Money Market Investments + Net Loan + Securities & Investments
=3300415.407 + 3859380.879 + 7665856.152
=14825652.438

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=2910499.354 + 4167952.363 + 6567071.637
=13645523.354

Morgan Stanley's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2023 is calculated as

Net Interest Margin (Bank Only) %(Q: Mar. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Dec. 2022 ) + Earning Assets (Q: Mar. 2023 ))/ count )
=169146.6/( (13645523.354 + 12993321.246)/ 2 )
=169146.6/13319422.3
=1.27 %

where

Earning Assets(Q: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=2910499.354 + 4167952.363 + 6567071.637
=13645523.354

Earning Assets(Q: Mar. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=2795929.849 + 3869895.399 + 6327495.998
=12993321.246

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Mar. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Morgan Stanley  (MEX:MS) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


Morgan Stanley Net Interest Margin (Bank Only) % Related Terms

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Morgan Stanley (MEX:MS) Business Description

Morgan Stanley logo
Industry
Address
1585 Broadway, New York, NY, USA, 10036
Morgan Stanley is a global investment bank whose history, through its legacy firms, can be traced back to 1924. The company has institutional securities, wealth management, and investment management segments. The company had about $5 trillion of client assets as well as over 70,000 employees at the end of 2021. Approximately 50% of the company's net revenue is from its institutional securities business, with the remainder coming from wealth and investment management. The company derives about 30% of its total revenue outside the Americas.

Morgan Stanley (MEX:MS) Headlines